Fact Sheet U S Global Health Legislation TrackerRecently my mother got a notice from Social Security saying that her income is over the limit, and now she's paying much higher Medicare premiums than last year. Normally her income is modest, but in 2009 we sold her home after she moved into an assisted living facility. Her monthly Part B premium rose from .40 to 1.50. Her Part D coverage had increased by per month and the government tacked on a surcharge of more than doubling the premium that she paid last year. Altogether, my mother's Social Security was reduced by .10 a month! Someone told me this was part of healthcare reform. Why was there no advance notice to allow families to plan for this?.Estimate your costs and when you may risk hitting the doughnut hole: Based on the prescriptions you enter, the Medicare Drug Plan Finder can estimate your annual costs and when you potentially may hit the doughnut hole..Options for Reducing the Deficit: 2019 to 2028, Congressional Budget Office, December 2018. … Continued
Warm Up For Summer Outdoor ActivitiesLawmakers Reach Deal to Avert Fiscal Cliff.The panel discussed the following options for strengthening Social Security, among others: updating the benefit formula for low-income workers, modifying the annual cost-of-living adjustment to make it more accurate, increasing survivors' benefits, and creating caregiver credits for those who support aging parents. However, the focus of Wednesday's hearing seemed to be on addressing the insolvency of the Social Security Disability Insurance program..These actions are what families do, but they are not without long term costs to retirement security. Some of you have reported going into debt, most often due to high medical costs. In fact, a Gallup poll in July of 2020 found that 15% of the adults contacted reported at least one person in their household had medical debt that will not be repaid either in full or in part within the next 12 months. … Continued